Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Cheatham Corporation uses the weighted-average method in its process costing system The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units O $368,305 O $328,028 O $437,633 O $389,970 7,700 63,000 11,200 Percent Complete with Respect to Conversion 20% 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.19. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 23E: The following information concerns production in the Finishing Department for May. The Finishing...

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The following information concerns production in the Finishing Department for May. The Finishing Department uses the weighted average method. a. Determine the number of units in work in process inventory at the end of the month. b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. Assume that direct materials are placed in process during production.
Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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